[55O Imposition of requirements on acquisition of control]

[55O  Imposition of requirements on acquisition of control]

[(1)     This section applies if it appears to the appropriate regulator that—

(a)     a person has acquired control over a UK authorised person who has a Part 4A permission, but

(b)     there are no grounds for exercising its own-initiative requirement power [or (as the case may be) the power under

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